Seagate Technology Holdings Plc [STX] stock is trading at $91.23, up 2.59%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The STX shares have gain 2.38% over the last week, with a monthly amount drifted -7.28%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Seagate Technology Holdings Plc [NASDAQ: STX] stock has seen the most recent analyst activity on July 24, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $135 from $110. Previously, BofA Securities reaffirmed its Buy rating on June 05, 2024, and kept the price target unchanged to $110. On May 14, 2024, Citigroup initiated with a Buy rating and assigned a price target of $110 on the stock. Wedbush upgraded its rating to a Outperform but stick to its price target of $100 on May 01, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $115 on March 26, 2024. Evercore ISI started tracking with a Outperform rating for this stock on February 27, 2024, and assigned it a price target of $110. In a note dated January 25, 2024, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $85 to $110.
Seagate Technology Holdings Plc [STX] stock has fluctuated between $82.31 and $115.32 over the past year. Currently, Wall Street analysts expect the stock to reach $118.13 within the next 12 months. Seagate Technology Holdings Plc [NASDAQ: STX] shares were valued at $91.23 at the most recent close of the market. An investor can expect a potential return of 29.49% based on the average STX price forecast.
Analyzing the STX fundamentals
Seagate Technology Holdings Plc [NASDAQ:STX] reported sales of 7.26B for the trailing twelve months, which represents a growth of 49.11%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is -0.51 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -4.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 89.64 points at the first support level, and at 88.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 92.28, and for the 2nd resistance point, it is at 93.34.
Ratios To Look Out For
For context, Seagate Technology Holdings Plc’s Current Ratio is 1.14. As well, the Quick Ratio is 0.70, while the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 2.66 and price to earnings (TTM) ratio is 23.85.
Transactions by insiders
Recent insider trading involved MOSLEY WILLIAM D, Chief Executive Officer, that happened on Jan 02 ’25 when 20000.0 shares were sold. Director, WILLIAM D. MOSLEY completed a deal on Jan 02 ’25 to buy 60000.0 shares. Meanwhile, SVP & CTO Morris John Christopher sold 141.0 shares on Dec 12 ’24.
